The royal list where Zara Tindall beats Kate and Meghan

Former British MP, Norman Baker has revealed the British Royal family's rich list – and the numbers are enough to make your eyes water.

We may see the royal family live a lavish life of fortune with palaces, jewels, art and designer clothes but as Baker has revealed in The Sun, that is just the beginning.

According to Baker, Queen Elizabeth II tops the rich list with an enormous wealth of £1.6 Billion (AUD3.02 Billion), which largely comes from the tax payer.

Queen Elizabeth is sitting pretty at the top of the royal rich list. (Getty)

The Queen also boasts an investment portfolio amassing to $944 million, which she has not paid tax on for 40 years – thanks to Winston Churchill – costing the taxpayer an estimated $1.7 Billion.

Next on the list is the next in line for the throne Prince Charles, with an estimated wealth of $188 million, followed by his brother Prince Andrew sitting at a cool $107 million, more than their father Prince Philip who is fourth on the list at $83 million.

At the other end of the list coming in at numbers 10 and 11are the Queen's granddaughters, and daughters of Prince Andrew, Princess Beatrice, 10th, and Princess Eugenie, 11th.

Princes Beatrice of York beats her sister... just. (Getty)

But just before you begin to feel for them, they both average over $7 million each.

The biggest surprise comes with the Queen's granddaughter, Zara Phillips coming in at number seven with $28 million, on top of both Queen Consort Kate Middleton, $15 million, and Duchess of Sussex Meghan Markle.

As the newest royal in the family, Meghan Markle is a surprise to beat both the princesses of York flying into the list at over $11 million.

Meghan Markle's wealth as an actress rounds out her spot at number nine. (Getty)

However, it is to be noted that Meghan Markle amassed majority of her wealth long before joining the Windsor family with her fortune coming from her work as an actress with a rumoured $944,000 salary for her time as Rachel Zane in legal drama, Suits.

Baker collated the finance information when setting out to write a book scrutinising both the finances and the conduct of the Windsor's.